DavidD66
Expert Alumni

Get your taxes done using TurboTax

Your basis will be $3.00 in your IRA and $4.00 husband's after reporting your conversions.  I suggest you should proceed the same way you have in prior years. If you do a backdoor Roth conversion for 2024 convert the entire balance in your account at the time of the conversion.  Your basis will revert back to zero.

 

[Edited 03-19-2024 5:30 PM EDT]  

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